JAKARTA -- U.S. tariffs and global market turmoil could derail Indonesian President Prabowo Subianto's expansive spending plans. While experts see Indonesia's fiscal position as stable, global pressures could find the government forced to trim spending or issue debt.
President Prabowo Subianto's sweeping and poorly communicated budget reallocations shook Indonesian markets in the first quarter, and foreign investors exited. (Nikkei montage/Source photos by Reuters and Yuki Kohara)
Trading Asia
Global bond market turmoil shakes Indonesia, risking Prabowo's spending plans
High proportion of domestic bond holdings, healthy FX reserves provide some protection
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